Job description

Job Title: Construction Loan Closing Manager

Department: Loan Operations

At Redwood, we know we are only as successful as the people who power us. Our employees are passionate, they are talented, they are empowered to make decisions that positively affect the lives of our residents. From site personnel to corporate leadership, our employees demonstrate Redwood's commitment to deliver more than expected, communicate openly and honestly, and demonstrate integrity in all aspects of our business. As we continue to grow, we seek these same qualities in every team member we bring on board.

The Construction Loan Closing Manager reports to the VP of Loan Operations and is responsible for leading the construction loan closing process.

Essential Duties & Responsibilities

• Monitor construction loan closing pipeline activity and help lead discussion in weekly internal pipeline meetings.
• Provide oversight to the construction loan closing process, working with the Construction Loan Closing Specialist to ensure all projects that are anticipated to close within a 90-day timeframe are in regular closing calls with the lender, due diligence is being delivered, and the working group is actively moving towards target dates. Serve as liaison in communications and trouble shooting for progress as needed.
• Provide oversight to the identification of sureties and the required form and timeframe under which they need to be secured either for closing or post-closing.
• Review and provide in-depth comments to business points in loan documents to ensure they align to Redwood operations. Collaborate with internal and external counsel to resolve items of negotiation.
• Coordinate meetings between the closing team and Loan Administration prior to each closing to ensure the settlement statement and post-close deliverables conform to the loan documents and closing expectations.
• Partner with counsel and other teams within Redwood (i.e., Acquisition, Development, Construction) as needed to help solve issues that may impede progress or do not align with closing expectations.
• Assist in the onboarding of new lending relationships, helping them to learn Redwood operational business practices. Enhance lending relationships through open communication and collaboration throughout the closing process.
• Provide regular coaching and mentoring to team members.
• Assist in developing and maintaining procedures, contribute to ongoing system and process development and improvements as a subject matter expert.
• Provide back up support to the VP of Loan Operations as needed.

Required Skills

As the Construction Loan Closing Manager, you will be required to exhibit the following skills:

• Analytical and critical thinking skills
• Ability to solve complex issues and influence decision making
• Respectfulness, trustworthiness, empathy, and leadership
• Excellent time management skills with proven ability to plan, organize and implement multiple tasks on a concurrent, real-time basis
• Ability to communicate effectively across all levels of the organization; strong comfort level in driving timelines and negotiating business points
• Ability to coach/mentor others

Required Qualifications, Education & Certifications

• Bachelor’s Degree preferred; 5+ years of commercial construction loan closing experience required.
• Prior experience reviewing and negotiating commercial construction loan documents required.
• Prior management experience required.
• General computer proficiency required, including strong skills in Excel, Word and Outlook.

All Redwood employees are expected to conduct all organizational business and practices in accordance with Redwood company policies.

Redwood Living, Inc. is an equal opportunity employer. Redwood strictly prohibits and does not tolerate illegal discrimination, and Redwood provides equal employment opportunities to employees and applicants without regard to race, color, religion, creed, national origin or ancestry, ethnicity, sex (including gender, pregnancy, sexual orientation, and gender identity), age, physical or mental disability, citizenship, past, current, or prospective service in the uniformed services, genetic information, or any other characteristic protected under applicable federal, state, or local law.

Job Type: Full-time

Pay: $80,000.00 - $90,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Physical setting:

• Office

Schedule:

• 5x8
• 8 hour shift
• Monday to Friday

Work Location: Hybrid remote in Independence, OH 44131

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